The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-08-28
ALL THE WORLDS MONEY.
FIGURES FROM UNCLE sAM,s MINT
AND FROM MINIS ELsEHHERE

disputes that have taken place over the cur
rency. Gold, silver, and paper have each q
special school OF champions who arc ready to
follow their favorite TO the last extremity.
There ia also fourth and apparently growing
class. who believe more In bank checks, bills
OF exchange, and other agencies OF q system OF
perfected barter than In any kind OF money
that was ever invented. But barter. unfor-
tunately, is continually reaching chasms and
pitfalls which only q stamped currency. or
currency with some generally accepted en-
dorsement, can bridge. Its operations cannot
be made continuous. It Is true. however. that
were there no roRues In the world we could get
along with very little money. The nero nu-
merals on piece OF blank paper, with the
giver's endorsement, could be made to indicate
tho extent Of service rendered and the holders
claims upon the market Something OF this
idea must lie at the foundation Of those Penn
sylvania store orders Of which we have heard.
With universal confidence aud O banking sys-
tenn which could be made to reach every ham,
lot, there would be little use for money even
for the payment Of weekly wages and current
household expenses. But the rogues who
would raise checks and can write clerky hand
OF their own are perpetually heading OF the
millennium and compelling, US to avail our
selves Of elaborate and complicated devices.
money to make the universal mare go. Exclu-
sive OF China q country which seems to be an
@ the @ RpaGs
~ the , world p estimated at about $4,000
81 h' then
and banks and over -. 900 900 900 In active cir.
culation. It will be worth while to trace some
nations Of the glebo. and to observe its effect
on Industrial and mercantile conditions. TO
hf spa s sas nt Of The hs DeHsf viii Fl Be
used. tho figures for that year being fuller than
the iisares foS the current year ear and Just az
they do not materially modify proportions nor
place the subject in any new 70 light =, h..
1881 The saS RsHs.
e SsG 81 b I'll: ss s1e of 9Ss os s,
~ Ssi sna sssys
ear Ma' III aoss
with total circulation Of 81. 745 926 1885, total
s Il e f fRs ts an ss sSss siren on
sns
fSPn mi
GTSs Br il va had Gn Sr
AND bsnks ssi ' and a. an active eIrsn
SSf s29M r PsF capita Ths total q GsImsny
peculiar sisnifcance II the figures from tho
obssHsd ssnoras nat Larger the i tots
circulation the larger also was the =; n1mount
ba unesd sses 0i shs Rreaee use u
the check system In this country seem.
IS demanded 81 Fro French methods OF eSchapve.
But the totrl not In active In EnS
in France. IN Sermany t is Considerably loss
iess ths onethlrd: IL ali other sopntris ri il
s It 81 The s!sassd from these figures that
country The total Of excha ngs in the Gnited
sS ' rs in any than s tc. It s"i France
Smaller volume, Of cSSreney: The e. .;
for Franco triiie, more than go per capita,
and for the United States about $50 Dor capita.
q t a. France has rs
eratlons on corresponding scale. The none
thoss ct ana her les are
msnts Of capital rise among the incredible
ar he Year Is only abon
s per saps an of only psr cent
All these facts seem to show, that tho impor-
factor In the market is oyerestimated. They
fail to show, however. that a largo foundation
are mot against an indus
sion Of the credit system and panics. That can
be settled only By S.hsf Kind.
P
III 4s 9s s h "%oan essH xs s
s 3 ss Il sys;
OF a full legal tender value, and $4,000. 900 Of
limited value; The amoant Of silver supposed
ersbly Increased under tho operations OF tho
sgss re United ss
standing our Efforts at forging shssd we are
~ ~ f .BsS So IN n 81;
rnSS hNS ss ,fi sss ssa
% banks MADE si her
T. v:ss
t9 WORKS: S!s Sss ssS aSa S0Ie
Rsns P Ssss anf IN 'Sss
From sssse IL fR derive
sppesn 70 b Of Tho s TheS
TO Indicate tndt WHO nRtlOn can Rot along
without much paper or silver. a triple headed
currency is not a source OF Generalization.
Trance and tho United States possess each
larger volume OF gold currency than England,
Segond th.9 thsy have
convenience Of a larger Currency circulation
monetary system Is not less sound than the
English system.
It will be an Inquiry worth making. however.
to learn how tho people OF, tho United States
became so epamorsd OF silver and paper cur
rency, especially Of paper currency. In other
countries II Is thought no better than a gold
the people OF other nation. in our instincts.
and preferred pocketful OF gold to It's paper
the yellow metal, and seem to think IT suggest,
is more largely responsible for this state Of
fsslinE than people suspect. 1t could not pre-
might have ailed to restore Il: to the
original t9ns whom tho onportupiissyy was
ls4s there were coined no donbls eagles,
s25ye6227o, q half eagles To- s46265.at5,
ha all RI hara fnr fha iput t{<.,,